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BTL with tenant in place?
My wife and I have been looking for our first investment property. We will get a BTL mortgage. Several of the flats we've seen have tenants living in them, and sometimes we've been told that the tenants are happy to stay on and become *our* tenants. Obviously I presume the tenants are on modern assured shorthold tenancies,…
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What is the difference between a non-assured AST and a Resident Landlord Agreement
I wonder if anyone can tell me the difference between a non-assured short term tenancy and a Resident Landlords Agreement. From what I understand both are suitable to use when renting a self contained annexe adjoined to the landlords residence.
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Leaving Assured Shorthold Tenancy Early
Hi, My girlfriend and I signed an assured shorthold tenancy agreement in August 2013. The contract is for a fixed term of 12 months, and therefore does not conclude until the end of August this year. My girlfriend has been offered a new job and we will be relocating in June. Unfortunately there is no break clause in the…
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Covenants
Hi all, Just wanted to ask 2 quick questions if I may? We are in the process if buying a house which we like but needs a bit of updating. One of the things we want to do is bring the front of the house out on one side (this has been done by the next door neighbour too). We are almost certain that planning permission would…
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Renewal fee for Periodic Tenancy
Hi! I've had a search of the forums and just wanted to check my understanding of something. I'm in a Assured Shorthold Tenancy Agreement that expires in a few months, the LA has asked me to either provide notice that I'll be leaving or enter into a new agreement and pay a £50+VAT admin fee. Ideally, I'd enter in a new 12…
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No Address on Tenancy Agreement - HELP!
Hi, I am currently renting a property on a AST agreement. The contract is for 6 months and I have now lived at the property for 1 month. I received a notification Section 8.1 from the landlord today stating he wants me out in 2 months as he wants to move back in. I told him that it would cause me financial hardship moving…
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student lets?
I am soon going to cash up all my assets amounting to some $200k. I am thinking of getting a couple of 4 bed student lets so that I can live off the income. Has anyone any experience of this? For every £10K earned how much am I likely to pocket? ie what do I have to factor in and how much allow for - agency fees,…
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First time renters - advice please
Hi - son, girlfriend and another friend renting their first house. Landlord said that they will be contacted by Council Tax, electric and phone people so they need to do nothing (they have recorded the meter reading). Is this correct? They are happy to pay and don't want to get in arrears - is it worth contacting council…
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Would you go for it in current climate?
Hello, My ex and I are divorced but still have a joint mortgage on a property. He wants the house and a consent order is being progressed through courts to that effect. I no longer contribute anything towards the mortgage and the CO states that ex indemnifies me against any financial risk. Just waiting really for him to…
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Buying to let or live
Hi. I currently have a two-bed house that I have paid the mortgage on. Although I do own a 1/3 stake as a loan which I now only pay back if I move house. My plan was to use £60k savings that I have to perhaps either pay off this 1/3 loan or use as a deposit to buy a small flat to live in or rent out. My question though is…
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can I get buildings insurance?
Hi all Just completed last week on a property in East London (3-bed terraced) with cash. The previous owner took out chimney breasts and some load bearing walls, and we're not sure he supported them adequately: not a big deal to fix I've found out, but no evidence of building regs so we've got work to do! In the meantime…
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Renting Application - Worried about my Default!
I'll try and keep this short. Basically my girlfriend and I really want to move out of our current apartment. I've been here 3 years, she's been here 1 year. We need a bigger place, time to move! We finally found a place we liked today, and proceeded to start filling in the applications online. Now, this is the part I'm…
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Attic conversion - survey
Hello endlessly helpful people Our valuation (of the house we are selling) has come back with the text "Some aspects of design do not comply with current planning and building regulations. You need specialist advice about the provision of suitable fire protection measures to protect occupants of the upstairs bedroom" The…
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Removing Section 106 from an affordable home
I bought my affordable home in 2008 and it is subject to Section 106 restrictions on sale and rent of the property. I am looking at moving away from the area and would like to rent my house out for a couple of years until I’ve decided where I want to live. The problem is that under the section 106 I can only let my…
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At the final hurdle - completion!!
Hello all :) So..... after 5 long months we are due to complete on our property next Wednesday and I was just wondering what happens on completion day, do I just wait in, waiting for the phone to ring? We're at the top of our chain so heard we may have keys before lunch?? FTB here and so glad this drawn out, excruciating…
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Renting a House for two months
Hi all, I have some relatives visiting me in Southampton for two months this summer and I find it hard to find houses/apartments to rent for two months. I understand that by law a house can not be rented for less than 6 months but there must be some alternatives? Has anyone have any suggestions?
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Agree proposed moving date
Hi all, When discussing a moving/completion date to work towards, are discussions held through the solicitors, the EA, or direct (we have had no direct contact so far)? Thanks.
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Can I claim for mould-damaged stuff from the landlord?
Hi guys! I have been living in a rented flat for 3 years now and it always had a dampness problem which we put down to ground floor/corner position etc however it turned out recently that there’s been an under floor leak in the bathroom for a while now (the pipes have rotten) so the landlord is claiming on his insurance…
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Serving a S21 notice -
Please can someone advise me. I have a tenancy agreement dated 10th May 2010 for a Shorthold Tenancy where the term is from 20th May 2010 to 20th May2011. I wish to serve a Section 21 Notice. I have yesterday verbally confirmed to the tenants that I am giving 2 months' notice and confirmed by email yesterday too. I am…
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?give rent before signing lease
Hi there, me and my boyfriend have found a new place to rent. Its a private rent i.e. theres no letting agents and the landlord seems legit. We have been sent a copy of the tenancy agreement via email and I've read it over and it seems fine. The only thing is he is asking us to give deposit and 1st months rent before we…
